Lock Limit Down Posted August 25, 2004 Author Report Share Posted August 25, 2004 Yield beginning to fall off as bonds catch a bid. Silver being slapped back after trying to rally. {OPTION EX in a few days} Dollar strong Futures flat Oil retreating Everything nicely under CONTROL Link to comment Share on other sites More sharing options...
Lock Limit Down Posted August 25, 2004 Author Report Share Posted August 25, 2004 Oh. This is why the markets didn't budge. Orders gained 1.7 percent in July, their biggest monthly gain since March, said a Commerce Department report. Orders aside from transportation were up a smaller 0.1 percent. June durables orders were revised up, to a 1.1 percent advance from a previously reported 0.9 percent jump. Hahahahahaha! It's good to guess right. But seriously. Civilian aircraft were up that much? Uh. What? From my vantage point over here on this pine stump it would seem that the airlines are sucking major wind. Who's buying? Its NOT the airlines thats for sure. The military perhaps? Link to comment Share on other sites More sharing options...
Sphinxter Posted August 25, 2004 Report Share Posted August 25, 2004 Its NOT the airlines thats for sure. The military perhaps? How about both? Perhaps the Iraqi National Airlines has been placing a few orders? Link to comment Share on other sites More sharing options...
Lock Limit Down Posted August 25, 2004 Author Report Share Posted August 25, 2004 Yield now picking it up to the downside into the gap up from Monday Link to comment Share on other sites More sharing options...
machinehead Posted August 25, 2004 Report Share Posted August 25, 2004 A comment from a blogger in Cochabamba, Bolivia, reminds us of how high prices are here in the U.S. He describes a night on the town, which included going to a bar, paying admission for a rock concert, smoking, drinking, chewing coca leaves, and paying taxi fare back to the hotel: When I finally awoke this afternoon, I counted how much money I had spent last night and was astonished by the amount. Here is the breakdown (prices are estimates, and given in US dollars): 2 packs of cigarettes -- $1.35 (total!) 1.5 gallon bucket of chicha [liquor] -- $1.25 Small bag of coca -- $0.50 Admission to chicharria -- $0.75 Rock concert -- $1.25 Beer at concert -- $1.25 My portion of 12-mile round-trip cab fare -- $1.00 Total: $7.35 Wow. No tenemos inflation Link to comment Share on other sites More sharing options...
Butterfield 8 Posted August 25, 2004 Report Share Posted August 25, 2004 Yes, it's all toilet paper, but some paper debt can be repaid. I've posted this before, but thought I would run it again: Norway 2005 current account +13.7. budget surplus +8.3 Finland " " +6.3 " +2.1 Sweden " " +5.8 " +5.8 Denmark " " +2.8 " +2.8 Switzerland " +10 " -.2 Link to comment Share on other sites More sharing options...
GregFokker Posted August 25, 2004 Report Share Posted August 25, 2004 A comment from a blogger in Cochabamba, Bolivia, reminds us of how high prices are here in the U.S. He describes a night on the town, which included going to a bar, paying admission for a rock concert, smoking, drinking, chewing coca leaves, and paying taxi fare back to the hotel: When I finally awoke this afternoon, I counted how much money I had spent last night and was astonished by the amount. Here is the breakdown (prices are estimates, and given in US dollars): 2 packs of cigarettes -- $1.35 (total!) 1.5 gallon bucket of chicha [liquor] -- $1.25 Small bag of coca -- $0.50 Admission to chicharria -- $0.75 Rock concert -- $1.25 Beer at concert -- $1.25 My portion of 12-mile round-trip cab fare -- $1.00 Total: $7.35 Wow. No tenemos inflation Brilliant post, MH. Thanks for reeling that in. Link to comment Share on other sites More sharing options...
rog Posted August 25, 2004 Report Share Posted August 25, 2004 Borker news: needham cuts semicap estimates RBC cuts MXIM ALTR NSM MCHP based on weak demand and lower internal forecasts Pru cuts Q3 eps on AA from $0.46 to $0.38 based on recent labor issues Legg Mason adds MERQ to Select List BAC ups QCOM GS upgrades STLD to outperform on valuation GS lowers NUE to in line Bear Stearns cuts CSX UNP on weak volumes and higher fuel costs Bear Stearns maintains NSC BNI better hedged to fuel Link to comment Share on other sites More sharing options...
Pee Brain Posted August 25, 2004 Report Share Posted August 25, 2004 http://www.mineweb.net/columns/american_no...freenotfair.htm I was aware the problem with LTCM was a derivative play but did not know it was a gold play that got them into trouble.... Snippet "Even though the gold price has risen some $150 per ounce since it bottomed in 2001, the report says market manipulation has capped those gains. Only when the claimed manipulation is ended, by intervention or accident, will gold soar to an equilibrium value which is seen as a four-digit number. The report dates the gold price suppression conspiracy to the rescue of Long-Term Capital Management in 1998, thereafter commencing ?in earnest after the post-Washington Agreement gold price explosion in 1999.? It is alleged that the 1999 blow up which crippled Ashanti, since acquired by AngloGold [AU], and Cambior [CBJ], unmasked a gold carry trade run amok. Having borrowed gold nearly limitlessly to sell forward and invest the proceeds in higher interest bearing instruments, the parties and their de facto insurers, central banks, realized that the positions could not be easily unwound. LTCM?s apparent gold short position of 300-400 tonnes, which is equivalent to nearly a whole year of South African new mine production, could not have been settled without causing a run on the gold price that might have triggered a collapse of the financial system ...more i dont think thats right... i think they had some bond spread trades on and i think it was when Russia blew-up. "When Genius Failed" Link to comment Share on other sites More sharing options...
Butterfield 8 Posted August 25, 2004 Report Share Posted August 25, 2004 The catch is you would have to live in Bolivia Link to comment Share on other sites More sharing options...
machinehead Posted August 25, 2004 Report Share Posted August 25, 2004 A comment from a blogger in Cochabamba, Bolivia, reminds us of how high prices are here in the U.S. He describes a night on the town, which included going to a bar, paying admission for a rock concert, smoking, drinking, chewing coca leaves, and paying taxi fare back to the hotel: When I finally awoke this afternoon, I counted how much money I had spent last night and was astonished by the amount. Here is the breakdown (prices are estimates, and given in US dollars): 2 packs of cigarettes -- $1.35 (total!) 1.5 gallon bucket of chicha [liquor] -- $1.25 Small bag of coca -- $0.50 Admission to chicharria -- $0.75 Rock concert -- $1.25 Beer at concert -- $1.25 My portion of 12-mile round-trip cab fare -- $1.00 Total: $7.35 Wow. No tenemos inflation Brilliant post, MH. Thanks for reeling that in. If he'd capped off the night with a visit to the ho house, he might have spent $12.35. Link to comment Share on other sites More sharing options...
Pee Brain Posted August 25, 2004 Report Share Posted August 25, 2004 A comment from a blogger in Cochabamba, Bolivia, reminds us of how high prices are here in the U.S. He describes a night on the town, which included going to a bar, paying admission for a rock concert, smoking, drinking, chewing coca leaves, and paying taxi fare back to the hotel: When I finally awoke this afternoon, I counted how much money I had spent last night and was astonished by the amount. Here is the breakdown (prices are estimates, and given in US dollars): 2 packs of cigarettes -- $1.35 (total!) 1.5 gallon bucket of chicha [liquor] -- $1.25 Small bag of coca -- $0.50 Admission to chicharria -- $0.75 Rock concert -- $1.25 Beer at concert -- $1.25 My portion of 12-mile round-trip cab fare -- $1.00 Total: $7.35 Wow. No tenemos inflation the itinerary of PeeBrain's world tour has just been changed. Link to comment Share on other sites More sharing options...
lineup32 Posted August 25, 2004 Report Share Posted August 25, 2004 Borker news: needham cuts semicap estimates RBC cuts MXIM ALTR NSM MCHP based on weak demand and lower internal forecasts Pru cuts Q3 eps on AA from $0.46 to $0.38 based on recent labor issues Legg Mason adds MERQ to Select List BAC ups QCOM GS upgrades STLD to outperform on valuation GS lowers NUE to in line Bear Stearns cuts CSX UNP on weak volumes and higher fuel costs Bear Stearns maintains NSC BNI better hedged to fuel thanks: was looking at MXIM and it dropped $1 in premarket so far, chips are weak and getting weaker fast! Link to comment Share on other sites More sharing options...
Pee Brain Posted August 25, 2004 Report Share Posted August 25, 2004 The catch is you would have to live in Bolivia you sure? except for a few of the prices that sounds like Chula Vista Link to comment Share on other sites More sharing options...
Sphinxter Posted August 25, 2004 Report Share Posted August 25, 2004 I'm beginning to think there might be some issues somewhere out there ... Link to comment Share on other sites More sharing options...
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